Through the implementation of metaverses, crypto projects can revolutionize how people interact with one another. Not only that, these virtual worlds open up pathways for digital asset ownership and in-game monetization, which has the potential to transform many industries.

To help deepen your understanding of this flourishing area, this article will discuss the best metaverse crypto projects for 2022, highlighting their features and value potential for the months and years ahead.

The 5 Best Metaverse Crypto Projects for 2022

Presented below are five of the most exciting metaverse crypto projects with the greatest potential in 2022. We’ll explore each of these projects individually in the following section, touching on why they are deemed to have such high-value propositions.

Silks – Best Metaverse Crypto Project for 2022

Decentraland – 3D Metaverse World with Monetization Possibilities

Enjin – User-Friendly Metaverse Platform for Creating NFTs

The Sandbox – Exciting Metaverse Project with Incredible Customization

Bloktopia – Skyscraper-Based Metaverse Project with VR Capability

A Closer Look at the Most Exciting Metaverse Projects

The projects listed above have incredible transformative potential – especially within the growing area of play-to-earn (P2E) gaming. Let’s dig a little deeper into each of these projects, covering the intricacies that make them so exciting.

1. Silks – Best Metaverse Crypto Project for 2022

Silks is an upcoming metaverse project that looks to build on previous P2E games’ success – and take things one step further. Put simply, Silks is a blockchain-enabled P2E game that will offer a feature-packed metaverse based on the thoroughbred horse racing industry.

Within this metaverse, players can purchase Silks avatars and own Silks horses, which are derivative digital representations of real-world thoroughbred horses and are structured as NFTs. This enables Silks to offer a self-sustaining marketplace in which players can trade Silks horses and benefit from value increases.

The exciting thing to note about these Silks horses is that the link to real-world horses is achieved through the use of extensive datasets containing information on the thoroughbred horse’s bloodlines, development history, and racing results.

Although these datasets will be centralized at first, they will become entirely decentralized over time as Silks expands and their user base grows. The data used to create this link between Silks horses and the real world is verified via a Proof-of-Stake (PoS) consensus mechanism, which rewards miners in $SLK – Silks’ governance token.

The 1-to-1 link between Silks horses and their real-world counterpart forms the basis of the metaverse’s P2E elements. As noted in the Silks whitepaper, Silks horse owners will earn rewards when their real-world counterpart wins a race, while owners can also earn rewards through an innovative staking mechanism. These rewards will be denominated in $STT – Silks’ non-inflationary transactional token.

Silks players can also earn ‘breeding rewards’ when their Silks horse’s real-world counterpart is retired and becomes a broodmare or a stallion. Since a new crop of Silks horses will be minted each year to coincide with yearling (one-year-old thoroughbred horses) auctions, any offspring from the retired horse which are sold on the market will see the owner of the parent Silks horse receive rewards in the form of $STT.

Finally, due to the vast swathes of real-world data employed by the Silks metaverse, this also provides scope for Silks players to monetize their expertise through ‘pinhooking’. This refers to the buying and selling of Silks horses before they have run their first race in the real world. Silks players with in-depth knowledge of the thoroughbred racing industry can profit from the volatility of an unraced horse’s value – providing another exciting avenue to generate income.

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2. Decentraland – 3D Metaverse World with Monetization Possibilities

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